Convertibles Calendar: BlackBerry, BrightSpring on deck

Jan. 24

BLACKBERRY LTD.

• $160 million five-year convertible notes

• $25 million greenshoe

• Coupon of 2.75% to 3.25% and initial conversion premium of 30% to 35%

• Non-callable for three years and then subject to a 130% hurdle

• Rule 144A

• Morgan Stanley & Co. LLC

• Proceeds to fund the repayment or repurchase of the company’s outstanding $150 million 1.75% extendible convertible debentures due Feb. 15, 2024

• Waterloo, Ont.-based security software and services provider

Jan. 25

BRIGHTSPRING HEALTH SERVICES INC.

• $400 million three-year $50-par tangible equity units

• $60 million greenshoe

• Dividend of 6.25% to 6.75% and threshold appreciation premium of 17.5% to 22.5%

• Non-callable until Nov. 1, 2024

• SEC registered

• Goldman Sachs & Co. LLC (lead left), KKR & Co. Inc., Jefferies LLC, Morgan Stanley & Co. LLC, UBS Securities LLC, BofA Securities Inc., Guggenheim Partners and Leerink Partners

• Concurrent IPO of 53.3 million shares talked at $15 to $18 per share

• Proceeds to repay all outstanding debt under its second-lien facility and revolving credit facility and the $652 million outstanding under its first-lien facility

• Louisville, Ky.-based home and community-based health services provider

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